What=20 is credit = counseling?

In UK this is known as debt = counseling.=20 Credit counseling is kind of credit education where the = consumers=20 are educated about debt and how to avoid it. It is the = knowledge=20 that makes the consumers aware on how to avoid the debt that = cannot=20 be repaid. A DMP (Debt Management Plan) is established for a = creditor where the credit counselors negotiate with = them and try=20 fixing the deal with a lower interest rate. After getting = into this=20 plan the customer=92s account is closed and the future = charges are all=20 restricted. The monthly installment payments are = consolidated and=20 the borrower gets the chance of paying all together. The=20 consolidated amount is much lesser than the individual = payments. The=20 interest rates are also reduced in the DMP. Another benefit = offered=20 by the credit counseling is the =93reaging=94 or = =93curing=94 of=20 account.

1=20 Northumberland Avenue, Trafalgar Square, London, WC2N = 5BW=20 United Kingdom